Thailand SEC Proposes New Crypto Token Listing Rules
Thailand’s Securities and Exchange Commission (SEC) has opened a consultation on draft amendments to its digital asset framework, introducing new crypto token listing rules for local exchanges. Under the proposals, exchanges may list their own utility tokens or those issued by affiliates, provided they meet enhanced investor protection and market transparency standards. Key requirements include mandatory disclosure of individuals linked to listed tokens, automated alerts to detect market abuse, visual warning indicators for high-risk tokens, and a 90-day retroactive compliance window for existing listings. The consultation runs until July 21, 2025, after which the SEC will finalize the rules. These measures build on Thailand’s recent abolition of crypto capital gains tax and a five-year trading tax exemption, as well as plans to issue US$150 million in digital investment tokens this summer. By aligning Thailand’s crypto token listing rules with global best practices, the SEC aims to deter fraud, reduce information asymmetry and attract institutional investors, reinforcing the country’s position as a leading Southeast Asian digital finance hub.
Neutral
The new crypto token listing rules aim to enhance transparency, investor protection and market integrity in Thailand’s digital asset sector. While stronger regulations and compliance requirements could stabilize the market and build institutional confidence over the long term, they do not directly drive short-term price movements. Traders can expect a more regulated environment with better risk signals, but the impact on asset valuations is likely neutral overall.